SILVER SHORT TERM BULLISH OUTLOOK

The price of the precious metal rose today, recovering from previous losses. But it still keeps raging, expecting the Fed interest rate decision.

Technical indicators are suggesting entering into long position, MACD histogram is above 0 line and RSI is above the neutral 50 line, which might provide a speculative short term opportunity for traders to get advantage of.

In this scenario the price of the instrument might test the levels of 20 dollars, on the other hand, if the trend reverses, the price might reach its previous support level at 18.75

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